The Real Estate Portfolio Supervisor will be the subject matter expert for real estate related issues and is accountable within the assigned Field Office(s) to develop plans and set goals to optimize the existing asset/real estate portfolio, including but not limited to:Improving Existing AssetsImproves existing asset base by leading and ensuring resolution of property issues, including but not limited to, Condemnations, Easements, CAM Disputes, Lease and Land Rights protection, Estoppel Requests, Excess Property, Consents from Landlords, Co-tenants, Abutters, etc., where required as part of any development initiatives and Non-monetary Defaults.Proactively finds opportunities for income potential in real estate assets (e.g., cell towers, air rights, unidentified marketable real estate excess, easements, CAM opportunities, billboards, etc.).Utilizes current Development Standards to optimize the sales performance of existing restaurants (e.g. visibility, 24-hour, drive-thru, landscaping, signage, access, egress, easements).Renegotiating agreements with Landlords & Co-tenants where necessary to facilitate required site remedies &/or development initiatives.Analyzes and makes recommendations for underperforming real estate assets.Vision Planning / AP Acquisition / Rebuild PackagesCollaborates with Real Estate Portfolio Manager and others to create, maintain and update the Vision Plan for the existing real estate portfolio.Negotiates terms and conditions of real estate agreements for additional property as required for existing locations.Assembles and presents Rebuild and AP site packages to management for approval.Works with Construction to secure all required approvals from Landlord or Third Parties.Relationships/ConsultingWork closely with Real Estate Portfolio Manager, Legal Department Attorneys, Finance, REF Accounting, Asset Managers, Franchisees, landlords and governmental authorities on defaults, CAM questions, property tax, tenant/landlord inquiries and disputes, easements, condemnations, litigation, and violations.Build and maintain relationships and dialogue with the Field Office leadership, Franchisees, landlords, and governmental authorities.Represent McDonald’s by participating in professional organizations and attending public hearings.Conduct regular communication with Field Office Restaurant Development Management to maintain alignment with the regional plan and to participate in the Field Office planning process.Problem Solving and InnovationConsult with the Coordinators, Franchisees, Construction Managers, and Operations regarding issues related to maintaining the property by coordinating internal and external resources.Meet with Landlords and resolve issues such as common area responsibility and compliance, conduct on-site inspections to observe and resolve issues and problems.Process ManagementWorking with Legal Department Attorneys, governmental authorities, Area Construction Managers, and outside consultants for the following matters related to condemnations: a) estimating value of improvements taken and cost to restore (e.g. curbing, asphalt, outdoor playlands, sign relocation, landscaping); b) following municipality w/code; c) negotiating compensation from condemning authority; d) preparation of condemnation impact reports; e) revising and implementing legal documents.Working with Finance Managers and Legal to initiate Legal notice and default for past due accounts receivable for Tenant properties.Working with the Region and Excess Property Team on store closing processes and transitioning the property Landlords or disposition.Benefits eligible: Yes
Bonus eligible: Yes
The expected salary range for this role is $87,050 - $108,810 per year.
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.